Baker Hughes Co. underperformed in comparison to competitors on multiple occasions recently, even with daily gains. Despite Wall Street expectations for earnings growth, analysts at Barclays cut the price target for BKR to $41.00. However, the company secured a record order for gas storage in Dubai, and their shares increased in position by Vontobel Holding Ltd, Swedbank AB, and others. Collaboration with Repsol resulted in next-gen AI for oil efficiency and digital capabilities development. Investors are split over the valuation of the stock, but Baker Hughes's stock hit a 2-year high and was declared a top growth stock. Important agreements were reached with Woodside Energy and there were leadership changes. They also launched CarbonEdge, an end-to-end digital system aimed to revolutionize CCUS operations. Lower activity in North America but strong foreign demand is expected.
Baker Hughes Company BKR News Analytics from Tue, 05 Mar 2024 08:00:00 GMT to Sat, 19 Oct 2024 13:40:17 GMT -
Rating 2
- Innovation 4
- Information 7
- Rumor -2
